Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lowered its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 276,400 shares of the information technology services provider’s stock after selling 10,500 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Fidelity National Information Services were worth $16,603,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FIS. OFI Invest Asset Management acquired a new stake in Fidelity National Information Services during the 3rd quarter valued at $25,000. Baystate Wealth Management LLC grew its holdings in Fidelity National Information Services by 332.1% during the 3rd quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 372 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in Fidelity National Information Services by 83.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 130 shares in the last quarter. McCarthy Grittinger Financial Group LLC grew its holdings in Fidelity National Information Services by 101.1% during the 3rd quarter. McCarthy Grittinger Financial Group LLC now owns 573 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 288 shares in the last quarter. Finally, BKM Wealth Management LLC acquired a new stake in Fidelity National Information Services during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 1.7 %

Fidelity National Information Services stock opened at $70.95 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68. The firm’s 50 day moving average price is $68.34 and its two-hundred day moving average price is $60.84. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $74.75.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.52 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.71 EPS. On average, analysts forecast that Fidelity National Information Services, Inc. will post 4.66 EPS for the current year.

Fidelity National Information Services Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Thursday, March 7th. Fidelity National Information Services’s dividend payout ratio is -12.81%.

Fidelity National Information Services announced that its board has initiated a stock buyback program on Monday, February 26th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the information technology services provider to repurchase up to 1.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

FIS has been the subject of several recent analyst reports. UBS Group raised their price objective on shares of Fidelity National Information Services from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Royal Bank of Canada raised their price objective on shares of Fidelity National Information Services from $67.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. raised their price objective on shares of Fidelity National Information Services from $68.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. TheStreet raised shares of Fidelity National Information Services from a “d” rating to a “c” rating in a report on Monday, February 26th. Finally, Mizuho raised their price target on shares of Fidelity National Information Services from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.81.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Ellen R. Alemany bought 735 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was bought at an average cost of $60.32 per share, with a total value of $44,335.20. Following the completion of the transaction, the director now directly owns 35,333 shares of the company’s stock, valued at approximately $2,131,286.56. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.68% of the company’s stock.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.